Mr. Ian Dundas reports

ENERPLUS COMPLETES SALE OF CANADIAN NATURAL GAS ASSETS

Enerplus Corp. has completed one of the divestments announced Jan. 11, 2016, of certain Canadian natural gas properties for cash proceeds of approximately $183-million, before closing adjustments. Proceeds from this transaction were used to reduce the company's outstanding indebtedness providing additional financial flexibility.

Production from the properties divested under this transaction was expected to average approximately 4,700 barrels of oil equivalent per day (97 per cent natural gas) in 2016.

The second transaction also announced Jan. 11, 2016, relating to the divestment of additional Canadian natural gas properties is expected to close during the first quarter of 2016.

We seek Safe Harbor.